“Far from preventing gambler's ruin, martingale accelerates it.”
Part One, Entropy, Gamblers Ruin, p. 52
Fortune's Formula (2005)
Help us to complete the source, original and additional information
William Poundstone 33
American writer 1955Related quotes
Source: An Introduction To Probability Theory And Its Applications (Third Edition), Chapter XIV, Random Walk And Ruin Problems, p. 349.

“On Prague's proud arch the fires of ruin glow,
His blood-dyed waters murmuring far below.”
Part I, line 385
Pleasures of Hope (1799)

“Gazelle accelerate away from my Puma shoes, it's like Noah's Ark, embarking two by two”
Manimals Featuring Usmaan & The Sundragon
The Return of the Drifter EP (2002), Falling Down LP (2003)

Letter to James Warren (24 October 1780) http://www.gutenberg.org/etext/2094